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Halcon Resources to pay down revolver borrowings with notes proceeds
By Sara Rosenberg
New York, Jan. 8 - Halcon Resources Corp. plans on repaying senior secured revolving credit facility debt using proceeds from a $400 million 8 7/8% senior unsecured notes offering, according to a news release.
Remaining proceeds will be used for general corporate purposes, including to fund a portion of the company's 2013 capital expenditure program.
Halcon is a Houston-based independent energy company.
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